Monday, July 2, 2012

Enough imports and hard currency has been amassed to fight
“dastardly” EU sanctions, Iran says. The announcement comes on the same
day that an EU ban against Iranian crude and insuring its oil tankers
comes into full force.

­The Persian country has stockpiled enough imported goods to meet the
nation’s daily needs and soften the blow of the embargo on the economy,
Vice President Mohammad Reza Rahimi maintains.

“Today, we are facing the heaviest of sanctions and we ask people to help officials in this battle,” state TV quotes Rahimi as saying. The “dastardly sanctions,” whose enforcement starts this Sunday, might cause “occasional confusion” in the market, but would not stop Iran, the Vice President added..... MORESource: RT.com